Meeting/Event Information

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Over the last several years, the Federal Bureau Investigation (FBI) has seen an alarming increase in financial fraud crimes targeting seniors (60 years and older). In 2022, seniors reported suffering over $3 billion in losses from financial scams to the FBI, accounting for the greatest dollar loss of any age group. This number represented an 84% increase in losses by seniors from 2021. To date in 2023, losses have already outstripped 2022 numbers with more than 64,000 victims over age 60 reporting losses totaling $5 billion.

This presentation will focus on the increase in elder fraud over the past few years, different ways seniors are being scammed, tips and tricks to prevent being victimized, and ways to report being scammed to law enforcement.

Focus Areas

• Statistics of financial elder fraud in the US;
• Importance of data collection by federal, state, and local law enforcement;
• Current trends in financial elder fraud;
• Ways to identify financial elder fraud;
• Tips and tricks to avoid falling victim to scams; and
• How to report financial fraud schemes

Speaker Bio

Sean Ahearn is a Special Agent with the FBI in the Philadelphia Division’s Allentown office. SA Ahearn primarily investigates white collar cases, specifically financial crimes, in Berks, Lehigh, Northampton, and Schuylkill counties. Prior to joining the FBI, SA Ahearn worked at Ernst & Young in Assurance Services and at Thomson Reuters Special Services (TRSS) as a Government Analyst, where he assisted federal law enforcement with money laundering investigations. He is a Certified Fraud Examiner and holds a Bachelor of Science degree in accounting from the University of Lynchburg.

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